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What Is Depreciation

Answer for "What is depreciation?"

Joan  Means
  Coldwell Banker Roth Wehrly Graber

Depreciation is a decline in the value of property due to general wear and tear, or is also known as an annual allowance that helps you recover on your taxes the cost of the property. Property depreciation occurs most commonly with rental or investment property, which allows for certain tax breaks.

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